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Eligible for long term real estate tax abatement

 

Owner:

Andy Sitzer | +1 214 647 4929 | andy.sitzer@clarionpartners.com

Joe Zingaro | +1 214 647 4916 | joe.zingaro@clarionpartners.com

Agent:

Nathan M. Demetsky | +1 732 590 4184 | nate.demetsky@am.jll.com
Dean Torosian | +1 856 324 5312 | dean.torosian@am.jll.com

 

These improvements include a $50 million interchange project that was completed in 2000 to give motorists full access to and from the Pennsylvania / New Jersey Turnpike Extension to Route 130 in Burlington Township.  This interchange provides direct access between both directions of the turnpike extension and U.S. 130.      

 

 

 

 

 

 Infrastructure & Business Incentives

 

 

Burlington Industrial Park is served (Florence Station) by New Jersey Transit’s River Light Passenger Line.  The River Line is a billion dollar rapid transit system that spans 34 miles with fifteen park-and-ride stops from Camden through Trenton, New Jersey (as depicted on the aerial photograph).  In conjunction with SEPTA’s regional rail lines in Philadelphia and Bucks County and New Jersey Transit’s High Speed Line, Burlington Industrial Park is easily accessible by public transportation.

The NJ Turnpike Widening Program was recently completed, and consisted of approximately 35 miles of road widening and

associated interchange improvements from two miles south of Interchange 6 in Burlington County to just south of Interchange 9 in Middlesex

County. The Widening Program resulted in a 12-lane (6 in each direction) dual-dual roadway which is now open and capable of accommodating projected traffic needs through the year 2032. The Widening Program cost approximately $2.5 billion.

Source:  New Jersey Turnpike Authority (www.njturnpikewidening.com)

 

 

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GROW NEW JERSEY INCENTIVE PROGRAM offers substantial economic incentives at this new construction project for companies creating 19 eligible jobs or retaining 26 eligible jobs, and who satisfy other program requirements such as industry and investment. Incentives are awarded in the form of NJ Corp Business tax credits, and can be sold as cash if the awarded credits cannot be fully utilized.

 

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